MDIA - MediaCo Holding Inc. Stock Analysis | Stock Taper
Logo
MediaCo Holding Inc.

MDIA

MediaCo Holding Inc. NASDAQ
$0.63 1.60% (+0.01)

Market Cap $33.10 M
52w High $1.60
52w Low $0.54
P/E -1.19
Volume 15.91K
Outstanding Shares 53.38M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $35.4M $1.34M $-17.89M -50.54% $-0.22 $-5.41M
Q2-2025 $31.25M $3.26M $-9.08M -29.05% $-0.11 $-2.97M
Q1-2025 $28.03M $3.5M $-8.8M -31.41% $-0.12 $-2.8M
Q4-2024 $32.8M $4.66M $-5.55M -16.92% $-0.12 $4.07M
Q3-2024 $29.86M $4.06M $54.29M 181.81% $0.74 $60.28M

What's going well?

Sales are up 13% from last quarter, showing the company can grow revenue. Operating expenses were reduced, which shows some cost discipline.

What's concerning?

Losses are getting much worse, with negative gross profit and a net loss that nearly doubled. High 'other' expenses and rising share count are big red flags for investors.

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $6.25M $319.39M $232.73M $86.66M
Q2-2025 $2.94M $315.15M $217.9M $97.25M
Q1-2025 $6.27M $317.65M $211.6M $85.45M
Q4-2024 $4.44M $346.01M $263.49M $62.12M
Q3-2024 $7.67M $338.36M $251.35M $67.91M

What's financially strong about this company?

The company has positive equity, some customers pay in advance, and cash increased this quarter. Most debt is long-term, so immediate repayment pressure is limited.

What are the financial risks or weaknesses?

Cash is very low compared to bills due soon, debt is high, and most assets are intangibles. Equity is shrinking and the company has a history of losses, raising survival concerns.

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-16.48M $2.83M $-5K $-44K $2.78M $2.83M
Q2-2025 $-8.8M $-2.95M $-222K $-152K $-3.32M $-3.17M
Q1-2025 $-8.61M $2.06M $-55K $-168K $1.83M $2M
Q4-2024 $-4.24M $10.87M $-6.57M $-7.52M $-3.22M $10.47M
Q3-2024 $54.93M $-6.02M $-621K $4.41M $-2.23M $-6.5M

What's strong about this company's cash flow?

The company generated $2.8 million in free cash flow this quarter, a big improvement from last quarter's cash burn. It is funding itself internally and not relying on outside money.

What are the cash flow concerns?

Most of the cash improvement came from delaying payments to suppliers, which can't last forever. The business is still losing money on paper, and customer payments are slowing.

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Advertising
Advertising
$20.00M $20.00M $20.00M $20.00M
Digital Marketing Services
Digital Marketing Services
$10.00M $10.00M $10.00M $20.00M
Service Other
Service Other
$0 $0 $0 $0

5-Year Trend Analysis

A comprehensive look at MediaCo Holding Inc.'s financial evolution and strategic trajectory over the past five years.

+ Strengths

MediaCo’s core strengths lie in its focused strategy and distinctive assets. It commands highly recognized and trusted brands in key multicultural segments, supported by a multi-platform ecosystem spanning radio, television, streaming, and live events. Recent acquisitions have expanded its content library and digital reach, while investments in data and AI for advertising indicate a forward-looking approach. On the financial side, the move from negative to positive equity and the ability to access debt financing show that the company has, so far, been able to support its strategic ambitions with external capital.

! Risks

The main risks are financial and execution-related. The company is still loss-making, with negative gross and operating margins and worsening cash burn, which raises questions about the underlying economics of its business model at current scale. High and rising leverage, combined with weak liquidity ratios, leaves limited cushion if performance disappoints or credit conditions tighten. Integration risk from acquisitions, competitive pressure from much larger media and tech players, and the inherent volatility of advertising revenue further add to uncertainty. If the company cannot translate its strong brands and audience into consistent positive cash flow, its capital structure could become a constraint.

Outlook

The outlook for MediaCo is highly dependent on its ability to turn strategic positioning into financial resilience. On one side, the company is aligned with powerful trends—growth of multicultural audiences, advertiser demand for targeted reach, and the rise of ad-supported streaming. On the other side, current financial results show a business still in transition, not yet demonstrating sustainable profitability or self-funded growth. If management can improve margins, stabilize cash flow, and successfully integrate and monetize its expanded asset base, the medium-term prospects could improve meaningfully. Until then, the story remains that of a promising but high-risk transformation with considerable uncertainty around timing and ultimate outcomes.